Auric Mining (ASX:AWJ)

Munda Gold Project Grade Control Drilling Program Completed Mine Planning Progresses

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that all assay results have now been received for the first phase of grade control drilling at the Munda Gold Project, near Widgiemooltha, WA.


HIGHLIGHTS:
  • Final assays received for the recently completed grade control drilling program at Munda Gold Project.
  • Final 10 holes drilled bringing total to 361 holes and 11,301m completed on 10m x 10m pattern.
  • Latest assays include high-grade or broad intersections including:

Munda Gold assay results.

  • Quotes received from contractors for mining, drilling and blasting.
  • Pit optimisations and mine design to proceed based on up-to-date costings and an updated resource model.


Management Comment

Managing Director, Mark English, said: “The completion of the grade control drilling program was an important undertaking by the Company. It has substantially advanced our understanding of the Munda gold deposit and in particular the role and distribution of high-grade zones in mining.

“The drilling program has provided guidance for mine planning, exactly what it was designed to do. Our next task is to further refine the resource model and re-optimise the model using recently obtained costings from reputable mining contractors and the rising gold price. This will generate a revised starter pit design for mining in late 2024 or early 2025.

“We continue to progress the development of our main asset, with the focus on getting Munda into production.” said Mr English.


Click here for the full ASX Release

This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.



AWJ:AU
Auric Mining

Auric Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Auric Mining (ASX:AWJ)

Auric Mining


Keep reading...Show less
  Rimfire Pacific Mining Limited

Compelling Cobalt Copper and REE Targets Identified at Broken Hill

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that multiple cobalt, copper, and Rare Earth Element [REE] targets have been identified at its recently expanded 100% - owned Broken Hill Project which is located 17-30 kilometres west of Broken Hill, NSW (Figures 1 and 2).

Keep reading...Show less
Reach Resources

Rights Issue and Shortfall

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce it has received $822,595 from the recently completed non-renounceable rights issue.

Keep reading...Show less
Various commodities atop a stock chart.

McKinsey: Commodities Trading Generated US$104 Billion in 2023

A recent report from McKinsey highlights trends seen in commodities trading over the past year.

The document shows that despite global uncertainty, commodities trading generated over US$100 billion in earnings before interest and taxes in 2023, translating into more than US$150 billion in gross margin.

McKinsey mentions challenges related to COVID-19 and geopolitical conflicts, such as increased price volatility and supply chain disruptions, but notes that commodities trading value pools have show resilience.

Keep reading...Show less
Auric Mining

First Parcel of Ore for 2024 to be Processed Mid-April

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that mining operations at the Jeffreys Find Gold Mine (the Project) near Norseman, WA, is proceeding smoothly on an around-the-clock basis.

Keep reading...Show less
Firebird Metals (ASX:FRB)

Firebird Metals’ Integrated Strategy Well-placed in Booming LMFP Batteries Market, Analyst Says

Description

The growing demand for high-purity manganese sulphate monohydrate (HPMSM) used in lithium manganese iron phosphate (LMFP) batteries positions Firebird Metals (ASX:FRB) to become significant player in the manganese market for LMFP batteries and EV manufacturers, according to an analyst report published by Terra Studio.

“Compared to its peers, Firebird Metals and its Hunan high-purity manganese sulphate monohydrate project accumulate a number of enviable characteristics: lowest capital expenditure; lowest capital intensity; life of project not limited by a mineral resource; lowest operating cost; highest profitability index (NPV/capex) with the lowest HPMSM price assumption; best expertise in lithium-ion batteries and in particular LFP and

Keep reading...Show less
Auric Mining (ASX:AWJ)

Auric Well-funded for Stage 2 Mining at Jeffreys Find After $4.7M Cash from Phase 1

First parcel of ore is expected by mid-April 2024

Auric Mining Limited (ASX:AWJ) is cashed up for the second round of mining at Jeffreys Find in Western Australia after Phase 1 generated more than $4.7 million in free cash, according to an article published in The Sydney Morning Herald.

Keep reading...Show less
{{ sections }}
Auric Mining

Auric Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×